Professional Bridging Finance
Developer Exit Bridge Loan Essex
Finance Requirement
Developer Exit Bridge for £340,000 at 75% loan to value.
Refinance of an unencumbered new build where there were two remaining units.
Location
Based in Essex the property formed part of a grade-2 listed old school which had been converted to form 10 residential units.
The Interesting Stuff
Funds were provided within 3 weeks.
Highly competitive pricing through a lender with the ability to extend the loan if required.
12-month facility with interest retained.
Funds were used to finance the purchase of a new development and release cashflow for working capital.
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